Naira appreciates to N1,390/$ in parallel market
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By Elizabeth Adegbesan
THE Naira yesterday appreciated to N1,390 per dollar in the parallel market from N1,392 per dollar on Monday.
But the naira depreciated to N1,383 per dollar in the Nigerian Foreign Exchange Market, NFEM.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,383 per dollar from N1,369 per dollar on Monday, reflecting N14 depreciation for the naira.
Consequently, the margin between th
THE Naira yesterday appreciated to N1,390 per dollar in the parallel market from N1,392 per dollar on Monday.
But the naira depreciated to N1,383 per dollar in the Nigerian Foreign Exchange Market, NFEM.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,383 per dollar from N1,369 per dollar on Monday, reflecting N14 depreciation for the naira.
Consequently, the margin between th
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